Is Nephi, UT 84648 a buyer’s or seller’s market?
Nephi is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 25% of U.S. ZIP codes, and #84 of 110 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Nephi housing market right now
In the three months ending August 31, 2026, 14% of homes in Nephi, UT 84648 sold above their list price, the typical home went under contract in 82 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (71 days then) and the median sale price rose 8% to $474,795. Overall, Nephi is about as competitive as it was a year ago.
On our competition score, Nephi ranks #84 of 110 UT ZIP codes with enough sales (score 29 out of 100).
Nearby, buyers who want less competition could look at Levan 84639 (0% sold over asking) or Eureka 84628 (0% sold over asking), while Mona 84645 (20% sold over asking) is even more competitive.
Run the numbers for 84648
Nearby markets
Eureka 84628Buyer’s market $128 /sq ftLevan 84639Seller’s market $195 /sq ftMona 84645Seller’s market $192 /sq ft Browse all markets →Towns like Nephi nearby
Find towns like Nephi in other states →Where Nephi is
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Questions about Nephi real estate
Is Nephi a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Nephi, UT 84648 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Nephi?
The typical home went under contract in 82 days in the latest three months.
Do homes in Nephi sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Nephi?
About 0.45% of a home’s value a year in Juab County, or roughly $1,800 on a $400,000 home.
What is the median home price in Nephi?
The median sale price was $474,795 in the three months ending August 31, 2026, about $163 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology